FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

WEISER MICHAEL 		2. Issuer Name and Ticker or Trading Symbol

VioQuest Pharmaceuticals, Inc. [ VOQP ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

50 WEST 57TH STREET, 15TH FLOOR 		3. Date of Earliest Transaction (MM/DD/YYYY)

3/14/2008
(Street)

NEW YORK, NY 10019
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $.001 par value                  161206   (1) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option   $19.60   (1)                   (2) 10/28/2013   Common Stock, $.001 par value   1290   (1)   1290   (1) D    
Warrant   $14.10   (1)                 10/18/2005   10/18/2010   Common Stock, $.001 par value   28000   (1)   28000   (1) D    
Warrant   $4.00   (1)                 6/29/2007   6/29/2012   Common Stock, $.001 par value   657   (1)   657   (1) D    
Stock Option   $3.80                     (3) 7/11/2017   Common Stock   10000   (1)   10000   (1) D    
Senior Convertible Promissory Notes   $3.80   (1) 3/14/2008     C  (4)       2631   (1)   6/29/2007   6/29/2009   Series B Convertible Preferred Stock   (2) 10.57   (2) $1000   0   D    
Series B Convertible Preferred Stock   $3.80   (1) 3/14/2008     C  (4)    10.57       3/14/2008     (5) Common Stock, $.001 par value   2781   (1)   (4) 10.57   D    

Explanation of Responses:
( 1)  Adjusted to reflect a 1-for-10 reverse stock split effective on 4/25/2008.
( 2)  The option became exercisable in three equal installments of 4,300 on 10-28-2004, 10-28-2005 and 10-28-2006.
( 3)  One-third of the option is immediately exercisable, and the remaining vests in two equal installments on 7/11/08 and 7/11/09.
( 4)  Notes were amended on 3/14/08 to provide for conversion to Series B Convertible Preferred Stock and a mandatory conversion took place on that date.
( 5)  No expiration date.

Remarks:
Power of Attorney Form incorporated herein by reference to Exhibit 24.1 to Form 4 filed on 7/13/2007.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
WEISER MICHAEL
50 WEST 57TH STREET, 15TH FLOOR
NEW YORK, NY 10019 		X



Signatures
/s/ Brian Lenz, as attorney-in-fact 5/1/2008
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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